5 Best-Performing Stocks in 2021

2. Cameco Corporation (NYSE: CCJ)

Number of Hedge Fund Holders: 30 

Year-to-Date  Gains: 60%   

Cameco Corporation (NYSE: CCJ) is a Canada-based firm that deals in uranium. It was founded in 1988 and is placed second on our list of 10 best-performing stocks in 2021. The stock has returned more than 59% to investors year-to-date. The company is among the largest uranium producers globally, with interests in uranium production and selling in Europe and Asia in addition to North America. 

On May 10, investment advisory BMO downgraded Cameco Corporation (NYSE: CCJ) stock to Market Perform from Outperform with a price target of C$23.  However, Alexander Pearce, an analyst at the advisory, said that ongoing improving sentiment could see further upside if Cameco successfully delivers on long-term contracts. 

Out of the hedge funds being tracked by Insider Monkey, Florida-based investment firm Kopernik Global Investors is a leading shareholder in Cameco Corporation (NYSE: CCJ) with 9.8 million shares worth more than $163 million.